Browns linebacker Mychal Kendricks is accused of privileged information along with fomrer & # 039; Black-ish & # 039; Writer

Federal prosecutors in Philadelphia say that former eagles and current Cleveland Browns linebacker Mychal Kendricks used insider tips from an acquaintance to obtain $ 1.2 million in illegal winnings in four major trade deals. Kendricks says in a statement issued by his lawyer that he regrets it and

Cleveland Browns linebacker Mychal Kendricks has been accused of using insider tips from an acquaintance to obtain $ 1.2 million in illegal profits in four major business deals, federal prosecutors announced on Wednesday.

Co-defendant Damilare Sonoiki received $ 10,000 in bribes in the 2014-2015 plan, as well as benefits such as tickets to the Philadelphia Eagles games, said the US attorney. William McSwain. Kendricks played for the Eagles before signing with the Browns in June.

"Four years ago, I participated in the insider trading, and I deeply regret it," said Kendricks' statement. "I invested money with an old friend of mine whom I thought I could trust and who I admired very much, and his experience as a Harvard graduate and Goldman Sachs employee gave me a false sense of confidence."

Sonoiki had been working as a junior analyst at an unnamed investment bank, prosecutors said. An IMBD profile includes him as a writer on the popular television series "Black-ish", as well as in other movies and television shows.

However, according to one person with knowledge of the show, Sonoiki only worked on & # 39; Black-ish & # 39; during the 2015-16 season.

Federal prosecutors in Philadelphia say that former eagles and current Cleveland Browns linebacker Mychal Kendricks used insider tips from an acquaintance to obtain $ 1.2 million in illegal winnings in four major trade deals. Kendricks says in a statement issued by his lawyer that he regrets it and "deeply" regrets his actions

American lawyer William M. McSwain, left, announced the charges against Kendricks and the writer & # 39; Black-ish & # 39; Damilare Sonoiki at a press conference in Philadelphia on Wednesday

American lawyer William M. McSwain, left, announced the charges against Kendricks and the writer & # 39; Black-ish & # 39; Damilare Sonoiki at a press conference in Philadelphia on Wednesday

American lawyer William M. McSwain, left, announced the charges against Kendricks and the writer & # 39; Black-ish & # 39; Damilare Sonoiki at a press conference in Philadelphia on Wednesday

In a statement released Wednesday by his lawyer, Kendricks said he was sorry and that he takes full responsibility for his actions.

"While I did not fully understand all the details of the illegal exchanges, I knew it was wrong, and I sincerely regret my actions," he said in the statement. He also claimed that he did not take any of the profits himself, but did not give more details about where the money was.

"I am committed to pay all funds illegally earned and to accept the consequences of my actions," he said.

According to StreertInsider.com, Kendricks purchased options in specific companies prior to the mergers he had prior knowledge. Several investments obtained gains of 393 percent, 335 percent and 130 percent.

Sonoiki (center) posted photos of himself with cast members & # 39; Black-ish & # 39; Anthony Anderson and the social networks Tracee Ellis Rosson. Sonoiki faces charges for insider trading in Philadelphia

Sonoiki (center) posted photos of himself with cast members & # 39; Black-ish & # 39; Anthony Anderson and the social networks Tracee Ellis Rosson. Sonoiki faces charges for insider trading in Philadelphia

Sonoiki (center) posted photos of himself with cast members & # 39; Black-ish & # 39; Anthony Anderson and the social networks Tracee Ellis Rosson. Sonoiki faces charges for insider trading in Philadelphia

Kendricks said he has been cooperating with authorities since the investigation began.

A message seeking comments from the federal defender representing Sonoiki was not returned immediately.

NFL spokesman Brian McCarthy said the league is reviewing the situation.

The Browns said in a statement that they are aware of the charges, and said Kendricks will not travel with the team to Detroit on Thursday for the Lions game.

"We will make more comments at the appropriate time," the team said in a statement.

The Browns signed Kendricks as a free agent in June, bringing the Super Bowl winner to improve his linebacker corps after a 0-16 season. Kendricks spent six years with the Eagles, who recruited him in the second round in 2012 after playing in California.

The 5-foot-11, 240-pound player recorded eight tackles on the team last year in the NFC Championship against Minnesota and had four in the Philadelphia Super Bowl.

The Browns signed Kendricks as a free agent in June, bringing the Super Bowl winner to improve his linebacker corps after a 0-16 season. Kendricks spent six years with the Eagles, who recruited him in the second round in 2012 after playing in California.

The Browns signed Kendricks as a free agent in June, bringing the Super Bowl winner to improve his linebacker corps after a 0-16 season. Kendricks spent six years with the Eagles, who recruited him in the second round in 2012 after playing in California.

The Browns signed Kendricks as a free agent in June, bringing the Super Bowl winner to improve his linebacker corps after a 0-16 season. Kendricks spent six years with the Eagles, who recruited him in the second round in 2012 after playing in California.

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